More fallout from the work-from-home revolution: retail chains that catered to commuters in urban centers are shutting their downtown stores and moving out to smaller suburban locations.
Category: 7 March 2023
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AVERAGE MORTGAGE INTEREST RATE TOPS 7 PERCENT
Last week, the U.S. average interest rate on a fixed-rate, 30-year mortgage climbed to 7.1 percent, Mortgage News Daily reported.
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MILLENNIALS MIRED IN $3.8 TRILLION WORTH OF DEBT
The 72 million Americans between the ages of 22 to 40, roughly, piled up $3.8 trillion in debt by the end of last year, 27 percent more than at the end of 2019.
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RECESSION TREND: SHOPPERS PARING BACK SPENDING TO BASICS
Consumers spent less on clothing and electronics in recent months, while spending the same or more on groceries and other essentials, The Wall Street Journal reported.
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SPAC THIS, PAL
At least eight companies that went public through “special-purpose acquisition companies” (SPACs) in the last year have now filed bankruptcy, Bloomberg reported.
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TREASURY YIELD REACHES HIGHEST IN 16 YEARS
On 3 March, the yield on the two-year treasury note reached 4.94 percent, its highest since 2007 just before the Great Recession arrived, the Financial Times reported.
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THIS WEEK IN SURVEILLANCE
Right now, government authorities and police are using legal loopholes to target and surveil citizens using third party databases containing genomic information.
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MIDDLE EAST MELTDOWN: SYRIA SAYS ISRAEL LAUNCHED ATTACK ON ALEPPO AIRPORT
Israel launched an air attack against Syria’s Aleppo International Airport early Tuesday, causing “material damage” and knocking the facility out of service, according to reports.
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CENSORSHIP 2.0: U.S. PLANS FIGHT AGAINST ‘INFODEMIC,’ WANTS TO COMPLETELY CONTROL YOUR HEALTH DECISIONS
Top federal health agencies in the U.S. and science groups are coming together to make sure Americans no longer think for themselves when it comes to their medical choices and are putting plans in place to stop the spread of online and social media “misinformation.”
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DE-HUMAN “COMMODITY EVOLUTION”
Transhuman advocate Ray Kurzweil has famously predicted that humans might one day be able to “upload” their consciousness to a computer network.